John Hancock Income Securities Trust (NYSE:JHS) Short Interest Down 29.4% in April

John Hancock Income Securities Trust (NYSE:JHSGet Rating) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 13,700 shares, a decrease of 29.4% from the April 15th total of 19,400 shares. Based on an average trading volume of 35,300 shares, the short-interest ratio is currently 0.4 days.

Several institutional investors have recently added to or reduced their stakes in JHS. Morgan Stanley grew its position in shares of John Hancock Income Securities Trust by 26.3% during the first quarter. Morgan Stanley now owns 29,161 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 6,075 shares during the last quarter. Bank of America Corp DE grew its position in shares of John Hancock Income Securities Trust by 7.6% during the second quarter. Bank of America Corp DE now owns 20,479 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 1,438 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of John Hancock Income Securities Trust by 2.3% during the third quarter. Guggenheim Capital LLC now owns 89,169 shares of the financial services provider’s stock worth $1,415,000 after acquiring an additional 2,012 shares during the last quarter. Brick & Kyle Associates bought a new position in shares of John Hancock Income Securities Trust during the third quarter worth about $400,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of John Hancock Income Securities Trust during the fourth quarter worth about $3,599,000. Institutional investors and hedge funds own 41.38% of the company’s stock.

John Hancock Income Securities Trust stock opened at $12.26 on Friday. The company has a 50-day simple moving average of $13.00 and a 200-day simple moving average of $14.15. John Hancock Income Securities Trust has a one year low of $12.20 and a one year high of $17.59.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 11th were given a dividend of $0.178 per share. The ex-dividend date was Thursday, March 10th. This represents a $0.71 annualized dividend and a dividend yield of 5.81%.

About John Hancock Income Securities Trust (Get Rating)

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.

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